The Canucks waived Higgins for the purpose of buying out his contract. His offensive production has steadily declined over the years, and he was limited to 33 games last season with various injuries getting in the way. Higgins wears that leadership hat just as well off the ice as he does on it, and it doesn't bode well for the 12-year veteran that he went unclaimed after getting placed on unconditional waivers.
Higgins saw his role drastically decrease over the course of the 2015-16 campaign, so it comes as little surprise that the organization has decided to move in a different direction. By buying out the 33-year-old, Vancouver will save an estimated $833,333 in cap space for next season. It remains unclear if the 33-year-old will find a landing spot, but he could be a depth addition for a team in need of veteran leadership,although fantasy owners still holding on to him should consider waiving him as well.
Higgins has one year remaining on his four-year, $10 million contract. If the Canucks execute a buyout on the 33-year-old, it will only cost $833,333 against the cap in each of the next two seasons. After landing on waivers last January, Higgins ended up clearing and stayed in the Canucks organization. Unfortunately, he is often injured. In 2015-16, Higgins was limited to 33 games with his numbers -- three goals, one assist and a minus-14 rating -- rendering him useless in the majority of fantasy leagues.
This news likely won't cause fantasy owners to blink. Higgins finishes with just four points in 33 games of an injury-plauged campaign. When he was able to take the ice, the 32-year-old was a liability defensively, as evidenced by a minus-14 rating.
Higgins already missed out on Monday's 3-2 victory over the Kings, and it's unclear when (or if) he will return with only two games remaining after Wednesday.